Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Arizona
AZNDURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.49
Year-over-Year Change
7.79%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Arizona measures the output of the nondurable goods manufacturing sector in the state. This metric is closely watched by economists and policymakers to assess the health of the state's manufacturing industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index tracks the real, inflation-adjusted output of Arizona's nondurable goods manufacturing industries, which include food, beverage, textile, apparel, paper, and chemical production. It is a valuable indicator of the state's economic activity and manufacturing competitiveness.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis (BEA) through surveys of manufacturing establishments.
Historical Context
Policymakers use this index to monitor trends in Arizona's industrial production and guide economic development strategies.
Key Facts
- Arizona's nondurable goods manufacturing accounts for over 10% of the state's GDP.
- The index has shown steady growth in the sector since the Great Recession.
- Food and chemical production are the largest components of Arizona's nondurable goods manufacturing.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Arizona measures the real, inflation-adjusted output of the state's nondurable goods manufacturing industries.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of the health and competitiveness of Arizona's manufacturing sector, which is a crucial part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of manufacturing establishments in Arizona.
Q: How is this trend used in economic policy?
A: Policymakers in Arizona use this index to monitor trends in the state's industrial production and guide economic development strategies.
Q: Are there update delays or limitations?
A: The index data is published quarterly with a short delay, providing timely insights into Arizona's nondurable goods manufacturing activity.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Arizona (AZNDURMANQQGSP), retrieved from FRED.